INDEXPLUS Income Fund invests in a diversified portfolio of equity income securities, 50% to 80% of which tracks the Middlefield Income Trust Conversion Index. The remainder of the portfolio is actively managed to enhance returns and reduce the risks associated with indexing, while maintaining low-cost exposure to the underlying equity income market.

Since the vast majority of income trusts have converted to corporations over the last several months, INDEXPLUS Income Fund replaced the S&P/TSX Income Trust Index with the newly created Index in January 2011. The new Index is rebalanced semi-annually and comprises the 40 highest yielding real estate investment trusts, income trusts and corporations formerly constituted as income trusts, which are constituents of the S&P/TSX Composite Index.